Friday, June 12, 2009

homogeneous exposure units

The vast majority of insurance for the individual members of very large classes. Car insurance, for example, about 175 million cars in the United States in 2004. [2], a large number of homogeneous exposure units, insurers can benefit from the so-called law of large numbers \\ \\ \\ \", which actually states that if the number of exposure units increases, the actual results are increasingly likely to close to the expected results. There are exceptions to this criterion. Lloyds of London is famous for insuring the life or health of actors, film and sports figures. Satellite Launch insurance covers events that are rare. Large property policy to ensure exceptional properties for which there is no \\ \\ 'homogeneous exposure units. It is not the criterion, many exposures like these are considered in the insurance.

No comments:

Post a Comment